The People's Bank of China (PBOC) stated that it supports provinces and municipalities along the Western Land-Sea New Corridor to participate in multilateral central bank digital currency bridge proje

Wang Xin, Director of the Research Bureau of the People's Bank of China, stated that the "Opinions" grasp the new trends in international cooperation such as digital finance and green finance, and innovatively drive high-level financial opening-up in the central and western regions. For example, it supports provinces and municipalities along the corridor to participate in multilateral central bank digital currency bridge projects, promoting the use of central bank digital currencies in cross-border payments; and it supports strengthening cooperation in areas such as the formulation and application of green finance standards, green financial products, and financial support for green technologies, relying on the China-Singapore Green Finance Working Group mechanism.